Regional Investment Addressed at Project East Africa 2019
Project East Africa will bolster international recognition of important projects, examining how to increase private investment, sustain participation over an extended period of time and improve the enabling environment to generate a pipeline of bankable Public-Private Partnership (PPP) projects.
Uganda’s National Planning Authority in consultation with other government institutions and other stakeholders launched Uganda Vision 2040 in 2013. In the 2016/17 National Budget speech, Finance Minister for Uganda, Matia Kasaija, announced that funding for infrastructure projects in transport, energy and ICT was a priority. This includes upgrading the Entebbe International Airport, China Uganda Agricultural Industrial Park, as well as over $ 3.8bn into nationwide transport infrastructure and $3.55bn into pipeline and access roads to facilitate oil production. Uganda will also be building two hydropower plants, the 600 mw Karuma and the 188 mw Isimba dams.
East Africa’s largest economy has a number of core projects active as outlined by the national planning strategy launched in 2008 - Kenya Vision 2030. By 2025, The East African Community (EAC) proposes an upgrade of 7,600 km roads, laid 4,000 km SGR, and increased the combined installed capacity of electrical power generation from 4,245 mw to 6,734 mw. In addition, the region hopes to construct 3,000 km of oil pipeline and an oil refinery and improve efficiencies at the Mombasa and Dar es Salaam ports.
Ethiopia is currently undertaking numerous massive infrastructure projects; including:
- The newly constructed Addis light railway and Addis-Adama express covering a total of 12,000 km
- The construction of six major railway routes and numerous road projects which will link major surplus producing areas with industry clusters
- The construction of the 6,000 mw Grand Ethiopian Renaissance Dam (GERD), ranked as the largest infrastructure project in East Africa
- An increase in 37 destinations for Ethiopian Airlines by 2020
- The construction of the $246m Hawassa Industrial Park
Following the World Bank’s approval of $300 million in funds from the IDA to support the government’s effort in creating a reliable open access railway infrastructure on the Dar es Saalam-Isaka section of the East African Central Corridor, work has already begun to strengthen Tanzania’s rail agencies’ ability to manage the infrastructure, traffic operations, and network regulation.
This landmark project is the much needed first step to the eventual upgrade and expansion of the broader Central Corridor transport network. Tanzania is also undertaking a major upgrade of its ports including Mtwara port in line with oil and gas network expansion.
As the newest investment destination in East Africa, South Sudan is of key interest to frontier investment companies keen to take part in the building of Africa’s newest country. Areas of focus includes;
- Producing material to supply new infrastructure projects throughout the country
- Constructing over 4,000 km of roads, potentially developing transport corridors along these routes
- Building and upgrading airports to meet International Air Transport Association standards
- Supporting hydro-electric projects
- Developing large-scale solar thermal and small-scale solar photovoltaic power generation
Rwanda is now considered as the one of the hottest destinations for investment in East Africa and boasts an impressive development plan spanning the next five years. Its 2017/18 budget outlined investment and focus on construction of the Bugesera International Airport, upgrading Kamembe Airport, improving and sustaining quality of rail network through construction and the rehabilitation and maintenance of road networks.
Alongside core development plans of the Vision Burundi 2025 project, the African Development Bank ‘s US $29.49-million grant has stood to attract international attention to progress of development plans in Burundi. The finance set to establish the first phase of the Nyakararo-Mwaro-Gitega Road Improvement and Asphalting, plus the Multi-Sectorial Water and Electricity Infrastructure Project, is currently looking for rejuvenation.